Global Laser Engraving Machine Market to Grow with Increasing Demand for Alternative Fuels | Fortune Business Insights

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Laser Engraving Machine Market Size, Share & Industry Analysis, By Type (Fibre Laser Engraving Machine, CO? Laser Engraving Machine, Diode Laser Engraving Machine, Nd:YAG Laser Engraving Machine), By Industry (Automotive, Aerospace, Packaging, Medical, Industrial & Machine tools, Others) and Regional Forecast, 2023-2030

Pune, India, Dec. 20, 2023 (GLOBE NEWSWIRE) — Fortune Business Insights in its new report, titled “Laser Engraving Machine Market Size, Share & Industry Analysis, By Type (Fibre Laser Engraving Machine, CO? Laser Engraving Machine, Diode Laser Engraving Machine, Nd: YAG Laser Engraving Machine), By Industry (Automotive, Aerospace, Packaging, Medical, Industrial & Machine tools, Others) and Regional Forecast, 2023-2030.”, shares a comprehensive analysis of the factors, expected trends, and regional and competitive dynamics that will influence the market. Additionally, it also contains an exhaustive evaluation of industry outlook and provides actionable research to design informed business strategies.
The global laser engraving machine market size is forecast to grow remarkably attributed to the advent of customized products in the regional and international market and its increasing popularity worldwide. Laser engraving machines play an essential role in allowing industries to get personalized information engraved on the surface of the manufactured products such as stone, plastic, glass, metal, wood, and others.

Key Industry Developments:

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  • Hunst Laser Technology is gaining popularity on account of its features such as high precision, non-contact, and high-speed processing without causing damage to the surface.
  • USD 27.0 MILLION was invested by Trumpf (Germany) on its Chinese Division TRUMPF China and its Subsidiary JFY for the expansion of production capacity.

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Drivers & Restraints:

Rise in Demand for Engraved Automation Manufacturing Products to Boost Market

The rise in the adoption of laser marking throughout various end user products is a vital laser engraved machine market growth driver. This, coupled with the advent of enhanced performance provided by the latest laser engraving equipment as compared to the traditional ones, are likely to help the market gain impetus in the coming years. On the contrary, factors such as high deployment cost of these machines may cause hindrance to the overall market. Nevertheless, the rising demand for customized engraving and marking products is likely to create lucrative opportunities for the market in the future. Furthermore, the surge in automation throughout all manufacturing industries worldwide are expected to increase the overall laser engraving machines market size in the forthcoming years.

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Report Coverage

  • Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
  • Comprehensive insights into the regional developments.
  • List of major industry players.
  • Key strategies adopted by the market players.
  • Latest industry developments such as product launches, partnerships, mergers, and acquisitions.

Regional Insights:

Asia Pacific to Emerge Dominant Attributed to Increasing Demand from Automobile Industries

Geographically, Asia Pacific is holding the largest laser engraved machines market share. This is owing to the increasing demand from various sectors such as manufacturing and packaging industries, electronics, and automobile industries in developing nations such as China and India. On the other side, stringent regulations imposed on the production of medical equipment and surgical devices in countries such as Canada and the U.S. are likely to aid in the expansion of the market in North America.

Europe, on the other hand, the obligation imposed on European companies for permanent and clear marking on consumer goods is likely to help increase the demand for these machines in countries such as Germany, Italy, and France, among others. This is likely to help Europe witness significant growth in the forecast duration.  

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Competitive Landscape:

Players Focusing on Geographical Expansion to Gain Competitive Edge in Market

Major laser engraving machines market manufacturers are emphasizing on geographical expansion for gaining a competitive edge in the overall market. They are also setting up new bases for attracting high laser engraving machines market revenue in the upcoming years. Besides this, they are also adopting strategies such as mergers and acquisitions, massive investments for product launches, expansion of product portfolio, development of better machines capable of printing in both coated and non-coated surfaces, and joint ventures.

List of Players Operating in the Laser Engraving Machine Market are as follows:

  • Eurolaser GmbH
  • Vytek Laser Systems
  • Universal Laser Systems Inc.
  • LaserStar Technologies Corporation
  • Kern Laser Systems
  • Coherent Inc.
  • Gravotech Marking
  • Sintec Optronics Pte Ltd
  • Trotec Laser GmbH
  • Wisely Laser Machinery Limited

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Laser Engraving Machine Market Segmentation:

By Type

  • Fibre Laser Engraving Machine
  • CO₂ Laser Engraving Machine
  • Diode Laser Engraving Machine
  • Nd:YAG Laser Engraving Machine

By Industry

  • Automotive
  • Aerospace
  • Packaging
  • Medical
  • Industrial & Machine tools
  • Others

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